US, China High-level Talks Begin To Avert Trade War

Top Chinese and American officials today kicked off their two-day crucial talks in Beijing to avert a trade war following US President Donald Trump’s demand that China should immediately cut its trade surplus with the United States by USD 100 billion.

A US delegation-led by Treasury Secretary Steven Mnuchin, who is also President Trump’s special envoy, held talks with a Chinese team headed by Vice-Premier Liu He, a close confidant of President Xi Jinping and also a member of the powerful Politburo of the ruling Communist Party of China (CPC).

The US delegation also includes Commerce Secretary Wilbur Ross, US Trade Representative Robert Lighthizer, assistant to the president for economic policy Larry Kudlow and assistant to the president for trade and manufacturing policy Peter Navarro. Read More…